de Bondt, Gabe; Maddaloni, Angela; Peydró, José-Luis; … - 2010
output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …